The Biden administration has announced the release of strategic oil reserves but the US is not alone here. Joining Washington are India, Japan, South Korea, China, and the UK.

United States: Emergency oil release to lower fuel prices

United States: US plan could strain ties between Washington and Riyadh

WION in an exclusive conversation spoke to independent strategist Andrew KP Leung from Hong Kong on major fall in the oil prices. Watch report.

WION exclusive with Independent strategist Andrew KP Leung on oil markets crash

Now the oil markets are bouncing back today after a huge fall below 0 on April 20. However, we are witnessing historic close in general due to the poor demand. Watch report.

Carnage in crude oil markets: US oil prices rebound, back above zero

The Crude oil price in US falls to level not seen since year 1999. The May contract of American West Texas Intermediate (WTI) futures fell more than 31% to $12.43 a barrel on Monday. Its lowest level since 4 March 1999.

Crude oil price in US falls to level not seen since year 1999, WTI crude price below $15 for a barrel